Nigeria’s Guaranty Trust Bank will open its outlets over the weekend and even deliver cash at home for Kenyan depositors, its chief executive said, aiming to win market share in one of the toughest markets for foreigners in Africa. The bank, which is also listed in London, joins Nigerian lenders […]
Capital Market
Global shares plunge as U.S. slowdown adds to emerging markets woes
World shares slumped to a near four-month low on Tuesday as signs the U.S. economy was stuttering compounded already frayed nerves following a sharp sell-off in emerging markets. A weaker-than-expected report on U.S. factory activity hurt global equity markets and the dollar on Monday and left investors scurrying for traditional […]
Barclays chief Antony Jenkins declines £2.7m bonus
Antony Jenkins, chief executive of Barclays, has turned down an annual bonus that could have been worth as much as £2.7m, saying it “would not be right” to accept the award. In a statement to the market, Mr Jenkins said he had “respectfully declined” an unspecified bonus awarded to him […]
